Stocks in Asia fluctuated Thursday as investors weighed signs of gradual improvement in China’s economy amid ongoing concerns about a US recession from monetary tightening. Stocks fell in Japan and rose in China, while Hong Kong was steady. The dollar dropped and Asian currencies rebounded after China data showed a strong pickup in services spending as Covid outbreaks and restrictions were gradually eased. US futures pared declines after the S&P 500 and the Nasdaq 100 ended little changed in choppy trading amid end-of-quarter portfolio rebalancing. European futures were lower. Treasury yields edged higher. They had dropped earlier as traders upped their bets on a recession eventually halting the Federal Reserve’s aggressive tightening campaign. Oil bounced around $110 a barrel as demand worries persisted. Fed Chair Jerome Powell and his counterparts in Europe and the UK warned inflation is going to be longer lasting as they gathered at the European Central Bank’s annual forum in Portugal. A view that central banks misjudged inflation has roiled financial markets this year, with global stocks about to close out their worst quarter since the three months ended March 2020. President Xi Jinping declared Covid Zero the most “economic and effective” policy for China. The nation eased quarantine rules earlier this week, providing a brief boost to markets, but investors remain cautious of the stringent adherence to eradicating the virus. US After Hours PFE and BNTX announce new vaccine supply agreement with US govt; RH -5% falls on weak guidance; SGH -12.8% and DCT -12.3% lower on earnings
Nikkei -1.44% Hang Seng +0.03% CSI +1.62% Shanghai +1.31% Shenzen +1.76%
Eur$ 1.0455 CNH 6.6995 CNY 6.6958 JPY 136.43 GBP 1.2132 CHF 0.9541 RUB 52.9260 TRY 16.6438 WTI$ 109.85 +0.06% Gold 1,816.10 -0.09% BTC 20,010 -0.92% ETH 1,087 -1.84%
S&P -0.68% Nasdaq -0.77% EuroStoxx -1% FTSE -1 Dax -0.97% SMI -0.58%
Macro :
- Israel Prime Minister Naftali Bennett Won’t Run in Next Election
- Swiss Franc Soars to Seven-Year High, Reaches Euro Parity
- SEC Rejects Grayscale Bid to Turn Biggest Bitcoin Fund Into ETF
- China’s Economy Shows Signs of Improvement as Covid Eases
- London Struggles to Wean Itself From Russian Billions
- US Hypersonic Missile Fails in Test in Fresh Setback for Program
Keep an eye on :
Keep an eye on :
- ADJ GY : Adler Chairman Says Winding Up Company Is One Option: B-Z
- AML LN : Aston Martin Seeking New Funds; Could Offer Board Seat: Autocar
- AML LN : Aston Martin Seeking New Funds; Could Offer Board Seat: Autocar
- BNTX US : Pfizer, BioNTech to Get $3.2b From US for Extra Covid Vaccines
- CFEB BB : CFE Decides to Repurchase Up to 1.25M Own Shares
- CBK GY : BlackRock Takes Big Bet on Commerzbank as Stake Almost Doubles
- EUCAR FP : Europcar Mobility Names Peter Gowers Group CEO
- CON GY : Vitesco to Slash Two-Thirds of Jobs at German Plant by 2026
- EQNR NO : Equinor Transfers Operatorship for Gulf of Mexico Field to Shell
- EQNR NO : Equinor Delivering as Much Gas to Europe as Possible: CEO to HB
- GRF SM : Grifols in Talks With Funds (KKR & CVC) to Raise Up to EU2b: Confidencial
- IMPN SW : Implenia Expects to Exceed CHF80M Planned Total Equity Increase
- MC FP : LVMH buys California wine giant Joseph Phelps as high-end drinks market soars
- MFEB IM : MFE Is Interested in Bidding for UK’s Channel 4: CFO
- ORP FP : Orpea Publishes Summary of Audit on Elderly Residents
- OVH FP : OVH Boosts FY Revenue Forecast
- RNO FP : Nissan Makes Renault Pact Disclosure Amid Calls for Transparency
- STLA IM : Stellantis Warns of Car Market Collapse If EVs Don’t Get Cheaper
- TTE FP : Gabon Plans World’s Biggest Ever Issuance of Carbon Credits
- TRI FP : Trigano 3Q Revenue EU921.2M Vs. EU905.7M Y/y
- UN01 GY : Uniper Prelim 1H Adjusted Ebit Below EU580M
- DG FP : Portugal to Build New Lisbon Airport in Montijo, Jornal Reports
- VTSC GY : Vitesco to Slash Two-Thirds of Jobs at German Plant by 2026